Accountancy for Class XII - Accounting for Share Capital
Ready to take the quiz?
Test takers will enter name and email before starting.
Preview questions
1. What is the primary purpose of issuing shares?
To raise funds for business expansion · To pay off debts · To increase employee benefits · To reduce tax liability
2. Which type of share does not carry voting rights?
Equity Shares · Preference Shares · Debentures · Bonus Shares
3. What is the maximum limit for issuing shares at a premium according to the Companies Act?
No limit · Only 10% of the face value · The amount prescribed by the company · The amount determined by the board
4. What is the term for the amount received by a company in excess of the face value of shares?
Share Capital · Share Premium · Retained Earnings · Dividend
5. Which account is debited when shares are issued at a premium?
Share Capital Account · Share Premium Account · Bank Account · Profit and Loss Account
Related quizzes
View all AccountancyFinancial Statements of a Company - Class XII Accountancy Quiz
Financial Statements of a Company
Cash Flow Statement Quiz
Cash Flow Statement
Accounting Ratios Quiz
Accounting Ratios
Accountancy Part II - Analysis of Financial Statements Quiz
Analysis of Financial Statements
Financial Statements of a Company - Class XII Accountancy Quiz
Financial Statements of a Company
Accountancy Quiz on Issue and Redemption of Debentures
Issue and Redemption of Debentures